SoFi Money is an online cash management account offered by SoFi, a nonbank financial service provider best known for its student loan refinance loans. SoFi customers can borrow up to $100k with industry-leading low APR Rates. Refer a friend schemes and referral discounts and referral bonuses. The Program is open to all SoFi Members with a SoFi Money account with $500 in monthly deposits or more, or an account that was opened prior to June 9, 2020, who reside within the United States and have opted into the Roundups feature. Bonus is broken down as follows: $25 for depositing $250+ Additional $75 for setting up direct deposit of $500+ Your email address will not be published. The SoFi Money card started out with no fees at any ATM across the globe, accrued interest at high rates, plus a $50 referral bonus!? Earn your bonus when you transfer from another brokerage firm into Sofi Invest account. Launched in February of 2019, SoFi Money is a way for people to bring their money needs full circle by managing their cash through SoFi Money. Please consult your tax advisor. SFS, SFW, and SDA are affiliated companies under the The Eligible Invest Referrers are encouraged to refer friends, colleagues, family members, and anyone else they believe may be interested in opening a SoFi Active Invest account (the “. Each friend who funds a new account now earns you $50. /SIPC Opens A New Window. For each new user that you refer who opens a new SoFi Money account and deposits at least $500, you will receive a $50 bonus, and they will receive a $50 bonus. SoFi is an online finance company that provides multiple products such as student loan refinancing, mortgages and personal loans. $1.00) will not be rounded up and therefore will not receive cash back. Plus, they have an almost too good to be true sign up bonus (see below) that make this account worth considering. SoFi has historically focused on student loan refinancing, but now they have branched out and started a new account type. SoFi Money Bonus. We appreciate your support. It cannot guarantee profit or fully protect against For each Eligible Money Recipient who opens and funds a New Money Account with $100 or more within fourteen days, SoFi Securities or its designee will: (a) credit the Money account of the Eligible Money Referrer, with a one-time cash referral bonus of $25 (the “Money Referral Bonus”); and (b) credit the New Money Account of the Eligible Money Recipient, with a one-time cash welcome bonus of $25 (the “Money Welcome Bonus”). This cards lets you earn a 2% unlimited cash back on eligible purchases when redeemed towards saving, investing, or paying down a qualifying loan with SoFi.And you have the chance to lower your APR by 1% when you make 12 on-tome payments. This website uses cookies to improve your experience. $100 Welcome Offer - open to new Money Members! If you join Sofi Money and deposit $100, you will get $50 instantly. SoFi doesn’t just let anyone open an account. An Eligible Loan Referrer will not earn Loan Referral Bonus if the Eligible Loan Recipient has or had an existing funded SoFi loan account, or if the Eligible Loan Recipient does not use the unique referral link provided by the Eligible Loan Referrer. including SoFi Money™, SoFi Money charges no account fees and offers unlimited reimbursement for ATM fees each month, free P2P payments, free bill pays and much more. The referrer also gets a $50 bonus once you do so. Be sure to check out our best rates Savings, Money Market, and CD accounts below. SoFi is best for people who can deposit $500 per month into the account to qualify for a higher APY and cash back on debit card purchases. To receive the offer, you must: open a new SoFi Digital Assets LLC account through the signup link you were given, and buy at least $10 worth of any cryptocurrency within 7 DAYS. $100 SoFi Money Bonus: $25 Funding Bonus and $75 Direct Deposit. Though it showed I received the referral bonus that day, it took three days for the money to actually show up in my SoFi Money account. These cookies do not store any personal information.